We took another stroll back to the dog pound this week. This LP yields 11.4%, with 1.3x trailing coverage. It has the lowest Price/DCF vs. its high yield peer group. It also has the lowest EV/EBITDA. We examine management's EBITDA guidance, comparing Q1 actuals, to see if they're on target for 2017.
Should Martin Midstream Partners LP (NASDAQ:MMLP) should be let out to run. Mr. Market doesn't think so yet - MMLP has trailed the market and the ALPS Alerian MLP ETF (NYSEARCA:AMLP) over the past month, quarter, year to date and year. MMLP's management slashed its distribution by 39% in Q3 '16, from $.8125 down to $.50, in order to improve its coverage, which had dipped to .76x in Q2 2016. Since then, however, there's been a big improvement in coverage, which peaked at 1.98x in Q4 '16 and ended Q1 '17 at 1.68x, giving it a 1.3x trailing coverage ratio.
Source: Seeking Alpha
Related Articles:
- 4 High Yield, High Risk Dividend Stocks
- 5 Dividend Stocks To Buy And Hold, Not Buy And Forget
- All Investments Carry Risk
- Warren Buffett's Two Investing Rules For Dividend Investors
- Dividend Stocks vs. Dividend ETFs
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
Owning dividend stocks can be a great way to both generate cash flow and beat the market long term. And if you can find stocks that are over...
-
I wanted to find an ideal list of stocks with high dividend yields. The stocks would have to be cheap as well. And the dividends would have ...
-
Long-time readers know I’m a big fan of the insurance industry because of one quirk in their business model. Customers always pay premiums u...
-
In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then we cherry pick only those...
-
It has been a glum time for ExxonMobil (NYSE:XOM) shareholders. Regardless of whether you’re looking at the past one year, five years, or te...
-
Investors tend to gravitate to dividend stocks, particularly when those equities increase their payout on an annual basis. When these types ...
-
“Cheap” stocks aren’t necessarily the best cheap stocks to buy. And dividend stocks, even those with a high payout, aren’t necessarily safe....
-
This company's management has raised the quarterly distribution 71 straight quarters, 22 straight years - it will be a Dividend Aristocr...
-
Dividend-paying companies are beacons of profitability. Generally speaking, a company isn't going to share a percentage of its profit or...
-
The markets have been doing very well over the past several weeks, and finding some good bargains has been a bit challenging of late. Howeve...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.